The Forex Trading Coach review - Pros, Cons, and Traders Ratings.
5 star review by Chris Delaney, Australia
Who is Andrew Mitchem - the Forex Trading Coach?
Andrew Mitchem is full time Forex trader, Forex Coach, father, and helicopter pilot who lives near Nelson, New Zealand.
Andrew has been trading the Forex markets since 2004 and in 2009 he created an education company called The Forex Trading Coach. He tells us that over 3500 people from 101 Countries have now been through the course and the success rate of clients who take his course is very high. Andrew also says several are now trading full time and many are creating additional income by trading for prop firms as the low risk and high reward:risk strategy that he teaches is perfect for these firms.
Andrew Mitchem is posting on a daily basis his currency strength and weakness analysis based on the close of day candle at 5pm New York Time.
Andrew also wrote a book about how he went from being a dairy farmer to becoming a forex trader.
Please read The Forex Trading Coach Reviews below and share your training experience with Andrew Mitchem.
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Recent User Reviews of The Forex Trading Coach
The Best Trading Community Out There
Thank you for your review. It's great to see you doing so well so quickly after joining us. Congratulations on your prop firm success too. Keep up the great work and dedication to your trading.
Wonderful education on forex trading
I have been trading for around 4 years, and tried different strategies. I stumbled on one of Andrew's podcast around March of this year and thank goodness I did.
Andrew has a very simple strategy which allows you to look out for different signals/indicators etc when looking to take a trade. Once the trade is taken, you then let the trade do the work. I have found with Andrew's teachings, it takes out the emotional factor, of wanting to move stop losses or just get to break even levels.
Also, included in Andrew's course is access to a members forum which is a fantastic platform for discussing all different topics with like-minded people.
Andrew and Paul are always extremely supportive and you never feel like you are doing this on your own.
I would most definitely recommend Andrew's course.
Many thanks for your review. It's great to see how well you are doing with your trading since joining us. Awesome job!
The best trading group!!!
With training courses, I've always found that discretion has rocked my coincidence, along with losing trades. I've always felt like every position I take will lose or I'll win a few positions, but lose one and that would wipe some of the money I'd made, then my trading account would stagnate and I'll end up giving up. The biggest common issue I've found is not really fully understanding what I'd be taught and why I was taught to trade in a certain way, the trading strategies normally lacked logic. So I ended up taking a trade, but not quite knowing if it was a good trade or a bad trade.
I have been aware of Andrew's course for a couple of years but the price put me off as it is a big investment. But I recently joined mid May in my last attempt to try and create some success from forex. When I joined I was a little dubious about using some well known indicators, but I watched the training videos, joined the weekly Zoom calls and started getting involved in the community forum.
During my first couple of weeks there were winning trades and also losing trades. I decided at that point to do my own backtesting to try and find my feet with the strategy, so I spent a fair amount of time focusing on this to train my mind on what to look for. Following on from this I decided to solely focus on continuations and shaped a trading plan around my daily commitments. Since then my weeks have been getting better and better. I'm currently just over 2 months in and getting decent results, but the main point here is that I'm now actually reading the markets like a book, looking for confluences that Andrew teaches that make logical sense. I'm starting to learn exactly when to trade and when not to trade.
For the first time, I feel confident and know what I'm doing, what to look for. And when I make a call, even if I get stopped out, the market normally ends up going in the direction I anticipated, which isn't all that bad considering I used to take a trade and it would reverse on me straight away. My win rate is improving and is already over 50% along with risk to reward normally between 2 and 3 to 1.
I hold a lot of respect for Andrew along with his team and the other traders in the forum group, they are always active and contributing throughout the day. I've wanted to get to a point where I can complete a prop firm challenge and I feel I'm well on my way to achieving this over the next few months.
If anyone is serious about learning to trade then I 100% recommend joining this group. It's taking me 8 years to get as far as I have in just 2 months with Andrew.
Thank you for your review. It's great to see how much your trading has improved since you joined us. It'll be great to help get you profitable on the prop firms as I know that's the direction you are wanting to head. Your trade picks on the forum site have been excellent. Keep up the excellent results.
Do you have a six star option?
Thanks for your update. We do everything we can to look after our clients and to help them to become successful. Paul looking to meet with you even while on his vacation is all part of the service.
Overhyped, Overpriced, Underwhelming Inconsistent Signals
It's a real shame to read your review. Unfortunately, we've not received any emails from you since you joined, either showing us some of your own trades, nor expressing any concerns you have. It doesn't look like you've been on or watched the recordings of any of the weekly webinars and there are just 4 posts from you on the forum site. You have not mentioned the live webinar trades or the multiple trades posted daily on the forum site here?
Your comment about the daily trades at 1:1 R:R is very strange (and far from correct). Due to the way we trade, every single one of the daily trades would have a reward:risk between 2:1 - 4:1 R:R
As you would see, many of the W1 and MN1 trades we post have a R;R even higher.
Don't forget that you also have our 20% return guarantee. Every year since we started in 2010, the daily trades have been profitable, but if they don't make a 20% return or higher, from just 0.5% risk per trade, then you are entitled to a full refund. I can't be fairer than that.
Highly profitable system, excellent training, unsurpassed customer service
1. The System
Andrew has created a trading system which can only be called a work of genius. It provides a framework which works over all time frames, all market conditions, all currency pairs (or any other trading instrument provided by FX brokers, such as commodities, indices or cryptos) and all account sizes. – and that without having to spend hours in front of a computer looking at chart (I spend no more than 30-45 minutes total daily in two sessions (morning and evening Japan time). Clear rules for entries, profit taking and stop losses, as well as comprehensive guidance for a professional risk management are provided.
2. The Training
An excellent video course, provides an in-depth learning experience as a basis to master the whole system. It is accompanied by weekly live webinars with over two hours of live trading, discussion of past trades and full of practical trading wisdom (all recorded and available without expiry on the membership site). In addition, the “Daily Trades” page on the membership site is an invaluable source for ongoing guidance and training education, provided every morning by Andrew, allowing to trade alongside Andrew and learning from his extensive commentary.
3. The Tools
TFTC has created an impressive number of top-notch software tools which allow the implementation of professional trade management and complete ease of use of the MT4 or MT5 platforms. Just one example, the tools make it a breeze to allocate the same percentage risk of account equity to every trade, irrespective of currency pair or trading instrument – an extremely important part of risk management, which otherwise is so difficult to achieve in forex trading. Another example is a tool which allows the almost automated analysis and placing of trades according to the TFTC methodology. Some of the tools have to be purchased for an additional fee, but the cost is negligible and the utility is more than worth the money,
4. The Support
The quality of the support and the dedication of the team is bar to none. Whether trading or software-related. all questions are answered in an extremely fast, thorough and personal manner.
5. The Commitment
The commitment to customer service and to integrity is unsurpassed. Just one example: I encountered occasional difficulties with the use of one of the software tools mentioned above, which were due to a unusual technical restriction of my then-broker, as we learned later. After having invested many hours of work dedicated to finding a solution of the problem by Andrew and his team, Andrew reimbursed the full amount I had paid for the software (which basically worked fine!) – without me even having asked for a reimbursement. He then even had the creator of the software add a specific parameter to deal with the restriction which was peculiar only to that broker, and which only occasionally caused a problem. In a nutshell TFTC not only teaches a highly profitable FX trading system, but also provides the best customer service I have encountered so far.
Jul 19, 2022 - 5 Stars This is an early review, because I joined Andrew's coaching course only three weeks ago, but I am already convinced that this is the best investment I have made into myself and my financial well-being in a long time.
Andrew is an extremely experienced and successful active forex trader, and at the same time, an extremely skillful and passionate coach - so he checks both sides of the equation you ideally want to have in a forex trading coach. Each of my emails (and there are many of them), from the most basic to the most exotic, are answered immediately without any delay, accounting for the time difference between our two countries (frankly, I don't know how he does it - I can only guess how many active coaching students he has at any one time, but it must be many, looking at the participation in the forum and in the live webinars).
The passion and confidence he instills is infectious - you get a great glimpse into his coaching approach by listening to his weekly podcast (which is so interesting, instructive and motivating that I have started to listen to all podcasts episodes from the beginning many years ago on my daily walks).
One of the technical learnings already in the first two weeks which have most impressed me: Andrew does not only do a superb job explaining how important it is to risk only the same percentage for each and every trade irrespective of currency pair, but also provides his proprietary "Lot Size Calculator Script", which is extremely easy to use and makes implementation of proper position sizing completely carefree and straightforward.
Another realization I had is that once the necessary skills are acquired, Andrew's approach to forex trading is completely uncorrelated to any market upheavals in the equity, bond or commodity markets and thus is a great risk diversification tool in itself.
Add to Andrew's qualities as a coach the high-quality content of the video course, the amazing software tools and the expert IT support, and all of this make me very confident that I will be able to achieve my goals if I just put in the work and give it time.
Now it goes without saying that - as is the case for each and any new skill set you want to acquire - that you need strong dedication and commitment to put in the required work, study Andrew's approach, learn all about the software tools he provides, master the MT4 or MT5 trading platforms (of course both fully supported by Andrew's course) and be an active member in the community. Andrew cannot do the work for you. But if you do all of this, AND make best use of Andrew as an extremely gifted and experienced coach, I think his course gives me the best shot to master the necessary skills and become a consistently profitable FX trader.
I will report back. :)
Reply by Andrew Mitchem submitted Jul 26, 2022 Thank you very much for your comments and review Gaudeamus.
It's great to see how well you've started off the program since joining us and our community of traders here at The Forex Trading Coach.
Keep up the great trading and we're here to help you along your journey to success!
Andrew is the real deal!!
On several occasions over the years I have reached out to Andrew for various advice or help and he has been extremely prompt in his replies and also very generous in sharing information to help me resolve what ever problem I had at the time.
I highly recommend Andrew as a genuine mentor in the FX and trading community and someone that takes the time to help and touch bases when needed. Don't waste anymore time, sign up for his programs as you won't be disappointed!! Thanks again Andrew for all of you help mate!! Cheers Clay - Sunshine Coast
Many thanks for leaving this review. It's great to see you continue to trade well, some 8 years after you joined my coaching course. I love stories like this because I can see that what we offer is making a big difference for our clients. I look forward to hearing your updates in the coming years too.
Daily trade suggestion, amazing team
There are trade suggestions every single day by Andrew or suggested by other traders in the forum site so you never miss out on any good setups. I'm very pleased with this program and would definitely recommend it to people looking for guidance in the trading community.
Thank you for your feedback and I'm really pleased to see you are enjoying being a part of our TFTC community of traders. Your contributions to the forum site are fantastic and it's great to see the trades you are picking and suggesting. Great progress and success!
I trade only a few days a weak like 2 or 3 days max, i join Andrews course for 2 weaks by now i made the video course at weakend ahead, on first 2 weaks in a 1200$ account i have made 130$ mustly trading in H4 charts and D1 charts .Every day Andrew publishes daily directions and on forum he posts his trades, you don`t need to much time to learn his system just need to follow the rules and you will succeed.
if you like to trade and make a living or simply make some extra money to the end of the month this is the exact course that you cant miss.
Tanks Andrew for evrything you teaching me
Thank you Andrew! Best EVER!
I believe your best achievement as a forex Coach is that you have created a very powerful strategy, super successful, specially on daily charts that is simple to understand and apply. And that is GOLD my friend that you have done!
Congratulations! You deserve it all!
Many thanks for your comments and course review.
I'm pleased you are enjoying the strategy and that you are now a successful trader.
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